This presentation discusses the holistic marketing concept in Marks and Spencer, the different marketing processes, the role and responsibilities of a marketing manager, marketing influences and interrelation with other functional departments, and the value and importance of the marketing role in Marks and Spencer.
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Marketing Concepts and Internal Relations
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Introduction Holistic marketing concept in Marks and Spencer (M & S) is that business marketing concept which considers all parts of the business as a single entity and gives a common purpose to every activity and person connected with the business. In the case of retailers like M & S, it could be restricted only to selling or the marketing concepts. It is due to fact that they operate for both the purposes. They want goods to move out of the stores as early as possible and for that, they implement the selling concept where they offer low price and buy one get one offer.
Overview of the Different Marketing Processes Marks and Spencer is a marketing-oriented company and marketing is their only focus They try to invest the whole amount of money on their brands and services to fulfill the marketing functions, which are primarily and particularly emphasizing on satisfying the demands of the consumers (Wright, Wright and Kooli, 2016). M & S has introduced a promotional strategy to gain the lost share of the market The company has increased its communication where its aim was to increase confidence within the customers and soon their marketing campaign not only increased its sales but also worked as a competitive advantage for M & S above other business in the market (Chow, Lai, and Loi, 2015). M & S have increased their distribution of its products. The current distribution strategy is running fine but it has to be updated. Like Wal-Mart, M&S has also announced a computer-based distribution channel.
Explanation of the Role and Responsibilities of a Marketing Manager The marketing managers are responsible for the marketing department and so are in charge of the staffs within their department. They allocate duties and set goals for departmental employees. (Gopaldas, 2015). The marketing managers examine the market trends with the target of recognizing the unexploited or new markets for the products and services of the company. The marketing managers have to be efficient in performing their roles and must have excellent communication and analytical capabilities. The marketing managers are responsible of the entire marketing activities of the companies.
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Explanation of Marketing Influences and Interrelation with Other Functional Departments The main functional areas of Marks & Spencer are sales and marketing, human resource and administration and IT support (To, Martin Jr and Billy, 2015). Its business development depends much on the sales and marketing, human resource, as the people and the employee serve the organization. The main feature of the marketing strategy of M & S is the strategy of product and service differentiation. A friendly and cooperative service has guaranteed the high quality of shopping comfort and convenience to the client. M & S has implemented a very thoughtful style of business strategy, which empowers full control of every characteristic of the business. M &S was so effective that it has occupied a large area of the retail market that no other retailers had.
Value and importance of the marketing role in Marks and SpencerIt is considered to be one of the top retailers in UK Walmart is determined to be its greater competitor It plays significant role in promoting its business It uses mass communication for marketing
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Conclusion The wider span of control and higher levels of communication has encouraged creativity, initiative and skill to take decisions on empowerment. If the employees refuse to work together or obey the orders of others say, it affects the employment relationship and also output affecting the business performance of different departments.
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Continued… Tomas, G., Hult, M. and Morgan, A.J., 2015. Total Learning Marketing. InProceedings of the 1996 Academy of Marketing Science (AMS) Annual Conference(pp. 138-143). Springer, Cham. Wright, L.T., Wright, R. and Kooli, K., 2016. Business marketing concepts and cases.Journal of Business & Industrial Marketing,31(8), pp.1017-1018